Windstorm fix a done deal

The Senate took the final step needed to send a must-pass bill to replenish the state-backed Texas Windstorm Insurance Association to the governor. Lawmakers accomplished their task without raising rates. They decided to save money with a gamble to not buy expensive extra insurance policies to cover major losses.

The bill includes several financing mechanisms that would kick in if there is a major hurricane, including higher rates, bonds, state loans and insurance company assessments.

Lawmakers have been trying for six years to reform the fund, which provides insurance coverage in 14 counties and a portion of Harris County where private insurers won’t write policies. The task became more urgent with Hurricane Ike depleted the fund.

Gov. Rick Perry had threatened to call a special session if the TWIA bill didn’t pass.

“The governor saying that was what started the ball rolling,” said Sen. Troy Fraser, R-Horseshoe Bay.

Sen. Mike Jackson, R-La Porte, said it was remarkable that the bill passed the House and Senate unanimously.

“We’re fighting back because it’s the first day of hurricane season today,” Jackson said.